Applications / Mortgage Analytics / Lenders / Michigan / Michigan Educational Credit Union
Plymouth, MI · Credit union · NCUA · $1.1 billion assets · 446 loans in 2025
Michigan Educational Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
446
loans originated, 2025
511
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Michigan Educational Credit Union made 30% more loans in 2025, most of them small loans for purposes other than buying or refinancing a home.
Other purposes made up 56.3% of its loans and home improvement 28.5%; purchases were 10.5% and refinances 4.7%. Its typical loan was $75,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), lower than about nine in ten. All were conventional, and none was higher-priced (a rate well above the average for similar loans).
It made 446 loans, up from 344, while similar lenders grew 6% and the whole market 10%; its growth was higher than four in five of them. That brings it back near its 2018 level of 423. It filed no report for 2020, a gap in the record.
In Ann Arbor, MI its share rose 0.2 points to 0.4%, ranking it 47 of 310 lenders. United Wholesale Mortgage and Walker & Dunlop lead there. It entered Lexington-Fayette, KY in 2025 and ranked 272 of 389.
Low- and moderate-income (LMI) neighborhoods received 8.1% of its loans, against 15.4% at similar lenders, lower than nearly all of them. LMI borrowers took 21.9%, against 27.5%. Its mix of other-purpose and home-improvement loans, and the parts of Michigan it serves, may be reasons.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Michigan Educational Credit Union took 511 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 56.3% · Home improvement 28.5% · Purchase 10.5% · Refinance 4.7%
Conventional 100.0% · of 446 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 445 | 99.8% |
| Kentucky | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 178 |
| Detroit-Dearborn-Livonia | 155 |
| Ann Arbor | 76 |
| Flint | 5 |
| Lansing-East Lansing | 4 |
| Monroe | 4 |
| Grand Rapids-Wyoming-Kentwood | 2 |
| Muskegon-Norton Shores | 2 |
| Jackson | 1 |
| Kalamazoo-Portage | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007EGI95MEVJ2178 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 267090 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560931 | 1994–2017 |
Established 1 January 1942. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Michigan Educational Credit Union's data.
Michigan Educational Credit Union's data
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Michigan Educational Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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